SGX Singapore Stocks & Forex Live Picks

STI Index Flat; CapitaLand Jumps to 1-Week High

Your Advisor
Publish date: Fri, 22 Mar 2013, 06:24 PM
Your Advisor
0 10,452
Blog for SGX Singapore Stock & Forex Recommendations gives you Live Stock Picks, we provide all SGX Stock Picks, Singapore Share Prices, Forex Trading Recommendation along with STI Quotes. Get Live SGX Singapore Picks.

Singapore shares were little changed, as investors were concerned about a possible debt default by Cyprus and deteriorating economic activity in the euro zone.
Both the Straits Times Index and the MSCI index of Asia-Pacific shares outside Japan were flat.
Property developer CapitaLand Ltd outperformed the market and is the most actively traded stock by value on Friday. Shares jumped as much as 2 percent to a one-week high of S$3.57.
"Based on buyers' response to the new launches in March so far, it appears the latest measures have yet to dampen buyers' interest in the pre-sale market," Nomura said in a report.
However, Nomura warned investors that it is not a time to be complacent.
"There is scope for more policy changes, given the pre-sale market is still relatively robust," Nomura said. "We expect secondary transaction volume to remain relatively low."
Its top pick among the developers is CapitaMalls Asia Ltd , while it remain cautious on City Developments Ltd .
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment